The Ludhiana market saw bearish demand, but prices remained steady. Mills encountered disparity as they could not increase prices following a surge in natural fibre costs. A trader from the Ludhiana market informed Fibre2Fashion, "Spinning mills were confronting weak demand but were reluctant to lower prices. Depressed market rates are further pressurising the mills. Bearish demand from the weaving industry has been noted, owing to sluggish production activities in the garment sector." 

The 30 count cotton combed yarn was sold at ₹264-274 per kg (GST inclusive); 20 and 25 count combed yarn were traded at ₹254-264 per kg and ₹260-270 per kg respectively; and carded yarn of 30 count was noted at 244-250 per kg in Ludhiana, according to Fibre2Fashion’s market insight tool TexPro. 

Cotton yarn prices remained stable in the Delhi market, experiencing average demand from the downstream industry. A trader from the Delhi market informed F2F, "There wasn't much enthusiasm among buyers, primarily because they were uncertain about the garment industry's fabric purchasing patterns. No scarcity of raw materials was observed across the entire textile value chain." 

In Delhi, 30 count combed yarn was traded at ₹267-272 per kg (GST extra), 40 count combed at ₹297-302 per kg, 30 count carded at ₹237-242 per kg and 40 count carded at ₹267-272 per kg, as per TexPro. 

Recycled yarn prices in Panipat remained stable despite weak demand. The market expressed concern over additional production capacity expected within the next year. A trader revealed that approximately 20 new mills, producing recycled PC yarn, are set to open. The market is already grappling with diminished demand due to existing high production capacity and lacklustre interest from both domestic and global markets. Recycled yarn traded flat amid this weak demand. 

In Panipat, 10s recycled PC yarn (Grey) was traded at ₹77-82 per kg (GST Paid). Other varieties and counts were noted as 10s recycled PC yarn (Black) at ₹50-54 per kg, 20s recycled PC yarn (Grey) at ₹92-97 per kg and 30s recycled PC yarn (Grey) at ₹135-145 per kg. Comber prices were hovering at ₹133-135 per kg. Recycled polyester fibre (PET bottle fibre) was noted at ₹74-77 per kg. Recycled polyester fibre gained ₹1-2 per kg as virgin polyester fibre and raw materials moved up in recent past. 

Cotton prices in north India softened as the supply increased amid limited buying from spinning mills. According to trade sources, a declining trend in ICE cotton made local buyers cautious about new deals. Increased arrivals also contributed to the dip in cotton prices. After clear weather conditions, north India's cotton arrivals rose to 10,000 bales, each weighing 170 kg. State-wise, Haryana contributed 5,000 bales, Punjab 2,000, upper Rajasthan 1,000, and lower Rajasthan 2,000 bales. Prices for new cotton fell by ₹100, ranging from ₹6,270 to ₹6,290 per maund of 37.2 kg across all states in north India. 

Fibre2Fashion News Desk (KUL)